Analysts expect RealPage (NASDAQ:RP) to announce sales of $215.30 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for RealPage’s earnings. The lowest sales estimate is $215.00 million and the highest is $215.60 million. RealPage reported sales of $162.25 million during the same quarter last year, which indicates a positive year over year growth rate of 32.7%. The company is scheduled to report its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that RealPage will report full-year sales of $856.93 million for the current fiscal year, with estimates ranging from $840.68 million to $865.80 million. For the next fiscal year, analysts anticipate that the business will post sales of $958.05 million per share, with estimates ranging from $936.56 million to $978.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow RealPage.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $188.39 million during the quarter, compared to analysts’ expectations of $186.46 million. RealPage had a net margin of 0.43% and a return on equity of 11.01%.
RP has been the topic of several recent research reports. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Thursday, May 10th. Morgan Stanley set a $62.00 target price on shares of RealPage and gave the stock a “buy” rating in a research note on Friday, May 4th. KeyCorp upped their target price on shares of RealPage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, May 4th. Royal Bank of Canada upped their target price on shares of RealPage to $59.00 and gave the stock a “sector perform” rating in a research note on Friday, May 4th. Finally, TheStreet downgraded shares of RealPage from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $61.14.
In other RealPage news, CEO Stephen T. Winn sold 33,459 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $52.31, for a total value of $1,750,240.29. Following the sale, the chief executive officer now directly owns 2,550,047 shares of the company’s stock, valued at approximately $133,392,958.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andrew Blount sold 56,250 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $51.25, for a total transaction of $2,882,812.50. Following the completion of the sale, the executive vice president now directly owns 185,958 shares in the company, valued at $9,530,347.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,308,930 shares of company stock worth $125,034,032. 24.91% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in RP. Advisor Group Inc. boosted its holdings in shares of RealPage by 210.9% in the 4th quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after buying an additional 1,704 shares in the last quarter. Next Century Growth Investors LLC acquired a new position in shares of RealPage in the 1st quarter valued at $143,000. Public Employees Retirement Association of Colorado acquired a new position in shares of RealPage in the 4th quarter valued at $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after buying an additional 1,018 shares in the last quarter. Finally, Intrust Bank NA acquired a new position in shares of RealPage in the 1st quarter valued at $204,000. 80.01% of the stock is currently owned by institutional investors.
Shares of RealPage traded down $1.20, reaching $58.30, on Tuesday, MarketBeat reports. The company had a trading volume of 683,000 shares, compared to its average volume of 476,437. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 161.94 and a beta of 1.09. RealPage has a 52-week low of $32.50 and a 52-week high of $61.95. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.99 and a current ratio of 0.99.
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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